Benchmark Boosts Boot Barn (NYSE:BOOT) Price Target to $140.00

Boot Barn (NYSE:BOOTGet Free Report) had its price objective raised by stock analysts at Benchmark from $110.00 to $140.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective would indicate a potential upside of 9.37% from the company’s current price.

A number of other research firms have also commented on BOOT. Craig Hallum lifted their price objective on shares of Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. TD Cowen lifted their target price on shares of Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Piper Sandler boosted their price objective on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Finally, Robert W. Baird boosted their price objective on shares of Boot Barn from $100.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average price target of $123.36.

Get Our Latest Analysis on BOOT

Boot Barn Stock Down 0.5 %

Shares of BOOT stock opened at $128.01 on Monday. Boot Barn has a 52 week low of $66.73 and a 52 week high of $131.85. The stock has a market capitalization of $3.89 billion, a PE ratio of 26.67 and a beta of 2.16. The firm has a 50 day moving average of $107.96 and a two-hundred day moving average of $90.12.

Boot Barn (NYSE:BOOTGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. The business had revenue of $388.46 million for the quarter, compared to analyst estimates of $383.67 million. Analysts expect that Boot Barn will post 4.82 EPS for the current fiscal year.

Insider Transactions at Boot Barn

In other news, insider Michael A. Love sold 5,653 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $113.61, for a total transaction of $642,237.33. Following the completion of the transaction, the insider now owns 2,327 shares of the company’s stock, valued at approximately $264,370.47. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Brenda I. Morris sold 1,500 shares of Boot Barn stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total value of $165,165.00. Following the transaction, the director now directly owns 4,546 shares of the company’s stock, valued at approximately $500,560.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael A. Love sold 5,653 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $113.61, for a total transaction of $642,237.33. Following the sale, the insider now directly owns 2,327 shares of the company’s stock, valued at approximately $264,370.47. The disclosure for this sale can be found here. Insiders have sold 11,795 shares of company stock worth $1,329,686 over the last quarter. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Boot Barn

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in Boot Barn by 17.3% in the 3rd quarter. Victory Capital Management Inc. now owns 8,808 shares of the company’s stock worth $715,000 after buying an additional 1,298 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its position in shares of Boot Barn by 7.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $248,000 after purchasing an additional 219 shares in the last quarter. Swiss National Bank boosted its stake in shares of Boot Barn by 1.4% during the 3rd quarter. Swiss National Bank now owns 65,800 shares of the company’s stock valued at $5,342,000 after buying an additional 900 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Boot Barn by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 307,090 shares of the company’s stock worth $24,933,000 after buying an additional 11,970 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new stake in shares of Boot Barn in the third quarter worth $204,000.

About Boot Barn

(Get Free Report)

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

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